Bed Bath & Beyond Q3 Profit Rises - Quick Facts

(RTTNews) - Bed Bath & Beyond Inc. (BBBY) Wednesday reported third-quarter profit of $237 million or $1.12 per share, up from $232.8 million or $1.03 per share in the same period last year.

On average, 23 analysts polled by Thomson Reuters expected the company to earn $1.15 per share for the quarter. Analysts' estimates typically exclude special items. Sales increased 6 percent to $2.865 billion from $2.702 billion last year. Analysts expected sales of $2.89 billion.

Looking ahead to the fourth quarter, the company has lowered its earnings outlook to a range of $1.60 to $1.67 per share from its previous guidance range of $1.70 to $1.77 per share. Analysts currently expect fourth-quarter earnings of $1.78 per share.

For the fiscal 2014, the company currently projects earnings in the range of $4.79 to $4.86 per share, down from its previous guidance range of $4.88 to $5.01 per share. Analysts currently expect full-year earnings of $5.01 per share.